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==== Geely alliance ==== {{Main|Horse Powertrain|Renault Korea}} In January 2022, Renault and Chinese manufacturer [[Geely]] signed an agreement by which Renault's South Korean subsidiary, [[Renault Korea Motors]], would produce vehicles based on Geely [[Compact Modular Architecture platform]],<ref>{{cite web |title=Renault Samsung to produce green cars developed by Renault Group and Geely |url=http://www.businesskorea.co.kr/news/articleView.html?idxno=86712 |access-date=15 January 2022 |work=businesskorea.co.kr}}</ref><ref>{{cite web |title=Renault will use Geely's CMA platform for (some of) its future cars |url=https://www.topspeed.com/cars/car-news/renault-will-use-geely-s-cma-platform-for-some-of-its-future-cars/ |access-date=15 January 2022 |work=TopSpeed.com}}</ref> initially intended for the domestic market. In December 2022, Geely acquired a 34% stake of [[Renault Korea]] through capital increase as part of their partnership, although the company would continue to be majority owned by Renault and a consolidated subsidiary of it.<ref name="Geelyshare2">{{cite web |last=Kwon |first=Jeong-doo |date=15 December 2022 |title=르노코리아, 중국 지리와 친환경차 생산 준비 중…5월에도 부산공장 멈춘다 |trans-title=When will Renault Korea and Samsung's 'real farewell' happen? |url=http://www.sisaweek.com/news/articleView.html?idxno=201424 |access-date=17 May 2023 |work=Sisa Weeek |language=Korean}}</ref><ref>{{cite web |last=Leggett |first=David |date=10 May 2022 |title=Geely to acquire 34% of Renault Korea Motors |url=https://www.just-auto.com/dashboard/deals/geely-to-acquire-34-of-renault-korea-motors/ |access-date=10 May 2022 |publisher=Just-auto.com |archive-date=10 May 2022 |archive-url=https://web.archive.org/web/20220510153909/https://www.just-auto.com/dashboard/deals/geely-to-acquire-34-of-renault-korea-motors/ |url-status=dead }}</ref> In May 2024, Renault and Geely established a [[joint venture]] [[Parent company|holding]] aimed at producing [[powertrains]], including [[Internal combustion engine|internal combustion engines]] (ICE) and [[Hybrid vehicle|hybrid systems]].<ref>{{Cite web |date=31 May 2024 |title=Renault, Geely create joint venture for hybrid, combustion engines |url=https://www.reuters.com/business/autos-transportation/renault-geely-create-joint-venture-hybrid-combustion-engines-2024-05-31 |accessdate=31 May 2024 |website=Reuters}}</ref> The venture dates back to an agreement between the two companies in November 2022.<ref>{{Cite web |date=March 29, 2023 |title=Renault-Geely to include eight Chinese powertrain plants, report says |url=https://europe.autonews.com/automakers/renault-geely-supply-combustion-engines-horse-jv |work=Automotive News Europe}}</ref> Both Geely and Renault were set to transfer their [[intellectual property]] for ICEs and hybrid systems to the venture holding, and plans to supply engines to [[Automobile Dacia|Dacia]] (part of Renault Group), [[Volvo Cars|Volvo]], [[Lynk & Co]], [[Proton Holdings|Proton]] (part of Geely)<ref>{{Cite web |date=9 November 2022 |title=Renault has big plans for Dacia: more models and higher production |url=https://www.romania-insider.com/renault-big-plans-dacia-models-production |website=Romania Insider}}</ref> as well as [[Nissan]] and [[Mitsubishi Motors]] from the Renault–Nissan–Mitsubishi Alliance.<ref name="auto">{{Cite web |title=Renault launches Ampere electric car business unit and Geely ICE joint-venture |url=https://www.autoexpress.co.uk/renault/359152/renault-launches-ampere-electric-car-business-unit-and-geely-ice-joint-venture |website=Auto Express}}</ref>
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